Pennant International Group PLC
27 March 2000
Pennant International Group is pleased to announce that at the Annual General
Meeting of the Company held today all the resolutions were passed including
the resolutions to approve the Placing and Open Offer of 1,066,000 new
ordinary shares.
Valid acceptances in the Open Offer were received from existing shareholders
in respect of 385,368 of new ordinary shares. The remaining 680,632 new
ordinary shares have been replaced with institutional and other clients of
Rowan Dartington.
Application has been made for the 1,066,000 new ordinary shares being issued
pursuant to the Placing and Open Offer to be admitted to trading on AIM.
Dealings in these shares are expected to commence on 29 March 1999.